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...Lumiere Theatre at Cannes, on that 60-ft.-wide canvas, it had the kind of luminosity, confidence and throbbing pulse that no Franco-Polish minimalist masterpiece could match. This, we were reminded, is why audiences in almost every foreign country prefer Hollywood movies to their own: because ours are bigger, slicker - movie...

Author: /time Magazine | Title: Ocean's Thirteen: Dead in the Water | 5/24/2007 | See Source »

...because U.S. unemployment is very low. But the economy is slowing, and an election year looms. If the U.S. economy stumbles, China will be the biggest, fattest target on which to pin the blame. Meanwhile, China will likely continue recycling its massive foreign reserves, possibly making itself an even bigger target by going on a buying spree similar to Japan's in the late 1980s and early '90s: Japan buys Hollywood! Japan buys Pebble Beach! Japan buys Rockefeller Center! Remember too, Japan was an ally; the idea of a traditionally antagonistic (and, nominally, Communist) nation buying up U.S. assets...

Author: /time Magazine | Title: Time to Get Real on China-U.S. Trade | 5/21/2007 | See Source »

Detroit got into this benefits predicament because of a not entirely conscious policy decision by Washington after World War II to encourage corporations to provide health care and pensions (most other affluent countries gave government a bigger role) in lieu of inflationary wage hikes. During the decades-long economic boom that followed, this system worked spectacularly well--especially for employees of Detroit's prodigiously profitable Big Three...

Author: /time Magazine | Title: Can Chrysler Be Cured? | 5/17/2007 | See Source »

Early in this decade, all three of those trends reversed, and Detroit was suddenly in big trouble again--bigger trouble, in fact, because the companies' ratio of retirees to active workers has only grown. Which has turned up the pressure on retiree benefits. In the case of pensions, GM, Ford and Chrysler now all have enough money set aside to meet their obligations. But none put much in the bank to cover future health-care costs...

Author: /time Magazine | Title: Can Chrysler Be Cured? | 5/17/2007 | See Source »

...Falwell practiced the politics of division, flinging damnation at those who resisted his vision of a Godly America. Now a rising generation of Christian leaders is looking to bring people together: the politics of division may be a shrewd electoral strategy but a shallow spiritual one. Their God is bigger than their party, more mysterious, more forgiving and more embracing. It is only partly wishful thinking when a progressive evangelical counterforce to Falwell like Jim Wallis declares that "the Evangelicals have left the Right. They now reside with Jesus...

Author: /time Magazine | Title: Jerry's Kids | 5/17/2007 | See Source »

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